Looks like a standard pullback in a bull market to me. There was no big bounce off of the 25% level (so far) so it looks like one third or one half may do it. Lots of summertime chop before the up move resumes.
He's cool, he referred to a post of mine in another thread and I posted an apology about that there. No need to bash him, he's ok.
Not just a small pullback guys. And to front run your standard comment stock trad3r, it IS a big deal. What's a big deal? -Bonds are getting the shit kicked out of them, in Feb selloff they got BID. Global risks are changing. -Vix getting bid, nice and orderly too, not in the panic fashion we saw in Feb. -The action in this market suggest liquidation of positions, not panic stop outs. We all knew they would ring it sooner or later. -carry trade has yet to start to unwind, when this kicks in, you will see a little more pressure than what we've had thusfar.
How will they get burned if they have a plan and a stop? I'd agree with everything the poster above me stated except about the VIX, which I have found to be widely followed and loved but not all that accurate.
Agree with above 2 posters. Holding EEM puts overnight. Only concern is would have liked to have seen a bit of strength in the yen today, maybe we will get it overnight (yen being the "tell" with regard to perceived risk imo).